From 14,141 for the week ended 17 August 2007, the Sensex had risen 30% until mid-October in one of the steepest climbs in its history in such a short period. The rally is unsustainable and a correction is imminent. There is, however, no reason for the investor to worry about the long term, until some very major long-term supports and trendlines are broken. However, the correction will be...

"The fox knows many things, but the hedgehog knows one big thing." - Greek poet Archilochus.

In his autobiography, Le Fric, disguised as a novel to avoid lawsuits, a French playboy trader Jean-Manuel Rozan discusses playing tennis at Hamptons on Long Island, USA, with Georgi Saulos. Initially, not
knowing how influential Saulos truly was, he describes Saulos as an “older man with a...

Tens of dollars of Participatory Notes helds by foreign investors will have to unwound. It was necessary but it will make the stock market volatile. The risk has suddenly gone up.

In our cover story (28th September-11th October issue), we had forecast that we are entering a new bull market following a startling cut of 50 basis points in the US Fed Funds rate on 18th September.

But we...